The servo motors and drives market is projected to grow from USD 13.9 billion in 2020 to USD 16.8 billion by 2025; it is expected to grow at a CAGR of 4.0% from 2020 to 2025. The key factors fueling the growth of this market include the growing automation in factories, rising adoption of international standards for motor efficiency, development of user-friendly motion control libraries and packages for motors and drives, and increasing production of vehicles.
Key Market Players:
The key players operating in the market include companies operating at different stages of the servo motors and drives value chain. These companies are Yaskawa Electric (Japan), Siemens AG (Germany), Mitsubishi Electric (Japan), Schneider Electric (France), Rockwell Automation (US), ABB (Switzerland), Nidec Corporation (Japan), Fuji Electric (Japan), Delta Electronics (Taiwan), and FANUC Corporation (Japan). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, expansions, partnerships, and acquisitions, to strengthen their position in the market.
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Based on material of construction, others segment accounted for the largest share of the servo motors and drives market in 2019.
In 2019, the others segment accounted for the largest share of the servo motors and drives market, by material of construction. The other materials used in the design and manufacturing of servo motors and drives include carbon steel and aluminum. The low cost of the servo motors and drives built using these materials has led to their market growth. Servo motors and drives constructed from non-stainless steel material have the ability to withstand dust, high-pressure washdown water jets, and corrosion prevention. This has increased the adoption of servo motors and drives with aluminum housing, which are Teflon coated and hard coat anodized,in various industries, such as packaging, food processing, pharmaceuticals & healthcare, and petrochemicals.
Based on industry, automotive & transportation segment accounted for the largest share of the servo motors and drives market in 2019.
The automotive & transportation industry accounted for the largest share of the servo motors and drives market in 2019. Servo motors and drives are used in various automotive control systems, such as fuel injection systems, anti-lock braking systems, cruise control systems, and pedal systems, to control vehicle speed. Motion control systems having servo mechanisms also find use in manufacturing processes, such as auto body painting, vehicle assembling, material handling, automated guided vehicle (AGV) chassis marriage systems, and assembly presses. Servo motors and drives are central to various reforms that are aimed at enhancing the speed, accuracy, and productivity of manufacturing in the transportation industry. Servo systems improve the logistics and supply chain processes through their use in robotics and various control systems, thereby, driving their demand in transportation industry.
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APAC is projected to hold the largest share of the servo motors and drives market in 2025.
APAC is expected to hold the largest share of the servo motors and drives market in 2025. Massive investments in industrial automation to enhance the operations of the manufacturing industry are driving the growth of the servo motors and drives market in the region. This has led to growing industrialization along with the rising use of robots to achieve high productivity and efficiency in industrial applications. The high demand for consumer electronics, including smartphones, home appliances, smart home devices, and wearable devices, has resulted in the adoption of flexible flow line manufacturing processes, including the use of robot arms, which is expected to further drive the demand for servo motors and drives in the region. The demand for energy-efficient automobiles, such as electric vehicles and hybrid vehicles, owing to the formulation of environmental norms by governments of different countries has also led to the adoption of high adoption of DC servo motors in APAC region. These factors are expected to further encourage the adoption of servo motors and drives in the APAC region.
The latest trending report Global Servo Motors and Drives Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Servo Motors and Drives market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.4% in the forecast period of 2020 to 2025 and will expected to reach USD 13050 million by 2025, from USD 11420 million in 2019.The Servo Motors and Drives market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/33212-servo-motors-and-drives-market-analysis-reportThe major players covered in Servo Motors and Drives are: Mitsubishi Rexroth (Bosch) Fanuc Yasukawa Emerson ABB Delta Rockwell Siemens Moog Oriental Motor HNC Panasonic Kollmorgen Toshiba SANYO DENKI Teco Lenze Parker Hannifin Schneider Tamagawa GSK Infranor LS Mecapion Inovance Beckhoff Yokogawa HitachiBy Type, Servo Motors and Drives market has been segmented into Servo Motors Servo DrivesBy Application, Servo Motors and Drives has been segmented into: Machine Tools Packaging Applications Textile Electronic Equipment Automotive OthersThe report offers in-depth assessment of the growth and other aspects of the Servo Motors and Drives market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Servo Motors and Drives Market @ https://www.decisiondatabases.com/contact/download-sample-33212The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Servo Motors and Drives product scope, , market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Servo Motors and Drives, with price, sales, revenue and global market share of Servo Motors and Drives in 2018 and 2019.Chapter 3, the Servo Motors and Drives competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Servo Motors and Drives breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Servo Motors and Drives market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Servo Motors and Drives sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Servo Motors and Drives Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-33212Other Reports by DecisionDatabases.com:Global Servo Presses Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global Automotive Servo Motor Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024Global Electro Hydraulic Servo Valve Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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